QB Issue Resolution:

If your a Sole Proprietor then there is no legal difference between you and the business, but there is an invisible line between business and personal and you have to allocate which parts of your life go on each side of that line.  So tyr to make every transaction in your life clearly one or the other. A loan for business purposes goes on the business side of the line – provided all the money goes into business use.  Keeping separate bank accounts is best.

Yes – those things probably are “fixed assets” to the business – and definitely so if business is all they are ever used for.  Fixed assets should be recorded at their cost (what you paid) – regardless of where the cash came from.  If you bought them as a ‘lot’ for a single price then you can makeup an allocation between the pieces that you think is reasonable – as long as the total matches.

Resolution for Issue 'Equipment bought for new business' available: Yes (Solved).
Source: Intuit Community forum.

Equipment bought for new business: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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